Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nepal - 2022

Contents:

1. Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nepal (FOB) - 2022
2. Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nepal (CIF) - 2022
3. Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nepal
4. Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nepal

Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nepal (FOB) - 2022

The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $50 per square meter in 2022, growing by 32% against the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2019 when the average export price increased by 75%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($144 per square meter), while the average price for exports to Egypt ($9.9 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nepal (CIF) - 2022

In 2022, the average import price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $14 per square meter, rising by 151% against the previous year. In general, the import price posted a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($17 per square meter), while the price for Turkey ($2.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nepal

In 2022, exports of carpets and other textile floor coverings; tufted, whether or not made ups from Nepal shrank remarkably to 100K square meters, falling by -18.7% compared with 2021. In general, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 10% against the previous year. The exports peaked at 210K square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups rose significantly to $4.9M in 2022. Over the period under review, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The exports peaked at $5.4M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from Nepal in 2022:

1. United States (31.5K square meters)
2. China (21.2K square meters)
3. India (9.0K square meters)
4. Canada (8.4K square meters)
5. United Arab Emirates (6.6K square meters)
6. Egypt (4.0K square meters)
7. France (3.1K square meters)
8. Qatar (2.6K square meters)
9. Singapore (2.3K square meters)
10. United Kingdom (2.1K square meters)
11. Kuwait (1.9K square meters)
12. South Korea (1.7K square meters)
13. Italy (1.5K square meters)

Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Nepal

In 2022, approx. 156K square meters of carpets and other textile floor coverings; tufted, whether or not made ups were imported into Nepal; falling by -69.8% compared with 2021 figures. Over the period under review, imports showed a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 50%. Imports peaked at 795K square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups contracted markedly to $1.1M in 2022. In general, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, imports attained the peak of $3.5M, and then declined dramatically in the following year.

Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to Nepal in 2022:

1. Turkey (39.5K square meters)
2. China (36.9K square meters)
3. India (35.5K square meters)
4. United Arab Emirates (35.0K square meters)
5. Belgium (9.1K square meters)

Source: IndexBox Market Intelligence Platform